[Federal Register Volume 80, Number 76 (Tuesday, April 21, 2015)] [Notices] [Page 22256] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2015-09106] ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Interest Rates: Correction On April 8, 2015, in Federal Register Vol. 80, No. 67, Pages 18922- 18923, the Small Business Administration (SBA) incorrectly published an interest rate called the optional ``peg'' rate (13 CFR 120.214). This rate is a weighted average cost of money to the government for maturities similar to the average SBA direct loan. This rate may be used as a base rate for guaranteed fluctuating interest rate SBA loans. The correct rate is 2.125 (2\1/8\) percent for the April-June quarter of FY 2015. Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for any third party lender's commercial loan which funds any portion of the cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New York Prime rate or, if that exceeds the maximum interest rate permitted by the constitution or laws of a given State, the maximum interest rate will be the rate permitted by the constitution or laws of the given State. Linda S. Rusche, Director, Office of Financial Assistance. [FR Doc. 2015-09106 Filed 4-20-15; 8:45 am] BILLING CODE 8025-01-P